SOURCE: Pipeline Trading Systems

January 26, 2010 14:13 ET

Pipeline Adds Block Equity Options Capability to Its Buy-Side Platform

For the First Time, Buy-Side Traders Can Secure Large Order Liquidity for Both Stocks and Equity Options While Controlling Execution Costs From a Single, Easy to Use Interface

NEW YORK, NY--(Marketwire - January 26, 2010) - Pipeline Trading Systems LLC, a leading electronic brokerage for institutions, announced today the integration of the Blind Bid Options Cross™ (BBOX) into the Pipeline order control system.

"This new capability demonstrates Pipeline's commitment to providing its customers with the best tools for their trading needs," said David Mortimer, Pipeline's Managing Director, Equity Options. "Through the integration of the BBOX system we have added a significant customer-driven enhancement. The initial feedback from buy-side clients has been positive and we are now ready for general deployment to our customer base and new clients."

In addition to several enhancements to simplify the trader's experience, the system now offers a new tool -- the Options Liquidity Optimizer. This unique service quantifies the aggregate risk of each block option order, and assigns the trade to one of three different auction methodologies. The selection criteria are customized for each client, giving traders unprecedented control over their search for block options liquidity. Additionally, building on its core Simple Option, Delta Neutral and Covered Call capabilities, BBOX will now accept Multi-Leg options orders.

"This is an important milestone," said Fred Federspiel, Pipeline's President. "Pipeline is committed to innovating to help our customers find the liquidity they need, and we are thrilled to be deploying this additional source to our clients who trade options."

About Pipeline

Pipeline enables block traders to optimize the execution of large orders while denying competitors the information needed to take advantage of them. Pipeline is the only block execution system that combines the high probability of block liquidity with the unmatched performance of predictive switching between best of breed algorithms. The Pipeline system delivers statistically significant increases in execution performance in the face of increasingly sophisticated predators. Pipeline is headquartered in New York with offices in Boston, Chicago, New Hope, PA, San Francisco and London. Pipeline is a member of FINRA and SIPC. For more information, visit http://www.pipelinetrading.com.

Contact Information

  • Pipeline Contact:
    Brian Holland
    Pipeline Trading Systems LLC
    (212) 370-8326
    Email Contact

    Bill Haynes
    BackBay Communications
    (617) 556-9982 x224
    Email Contact